Barclays Lowers Stem (NYSE:STEM) Price Target to $1.00

Stem (NYSE:STEM - Free Report) had its price target trimmed by Barclays from $4.00 to $1.00 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has an equal weight rating on the stock.

STEM has been the topic of a number of other research reports. Evercore ISI dropped their price target on Stem from $9.00 to $5.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 7th. The Goldman Sachs Group cut their price target on shares of Stem from $1.40 to $0.75 and set a "neutral" rating on the stock in a research note on Thursday, August 8th. UBS Group lowered their price objective on shares of Stem from $2.50 to $1.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Susquehanna boosted their price objective on shares of Stem from $0.50 to $0.60 and gave the company a "neutral" rating in a research report on Wednesday. Finally, TD Cowen cut Stem from a "buy" rating to a "hold" rating and lowered their target price for the stock from $4.00 to $1.00 in a report on Wednesday, August 7th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $2.35.

Stem Stock Performance

Shares of STEM remained flat at $0.57 on Friday. 5,360,015 shares of the company were exchanged, compared to its average volume of 5,495,040. Stem has a twelve month low of $0.30 and a twelve month high of $4.30. The stock has a market cap of $92.79 million, a PE ratio of -0.40 and a beta of 1.68. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.66 and a quick ratio of 1.51. The stock's 50 day simple moving average is $0.49 and its 200 day simple moving average is $1.05.

Stem (NYSE:STEM - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter, beating analysts' consensus estimates of ($0.23) by $0.01. The business had revenue of $34.00 million during the quarter, compared to the consensus estimate of $64.06 million. Stem had a negative return on equity of 63.98% and a negative net margin of 213.33%. The firm's revenue was down 63.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.56) earnings per share. Equities research analysts predict that Stem will post -0.66 EPS for the current year.

Hedge Funds Weigh In On Stem

A number of institutional investors have recently added to or reduced their stakes in STEM. Rock Point Advisors LLC increased its position in Stem by 7.3% during the second quarter. Rock Point Advisors LLC now owns 1,618,589 shares of the company's stock worth $1,797,000 after buying an additional 109,810 shares during the last quarter. SIR Capital Management L.P. increased its holdings in shares of Stem by 327.0% during the 2nd quarter. SIR Capital Management L.P. now owns 1,578,575 shares of the company's stock worth $1,752,000 after acquiring an additional 1,208,875 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Stem by 7.4% during the 2nd quarter. Hsbc Holdings PLC now owns 1,039,420 shares of the company's stock worth $1,133,000 after acquiring an additional 71,956 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in Stem by 181.1% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 856,092 shares of the company's stock valued at $950,000 after acquiring an additional 551,492 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Stem by 5,770.4% during the 2nd quarter. AQR Capital Management LLC now owns 777,648 shares of the company's stock valued at $863,000 after purchasing an additional 764,401 shares during the last quarter. 61.63% of the stock is currently owned by institutional investors and hedge funds.

About Stem

Stem, Inc operates as a digitally connected, intelligent, and renewable energy storage network provider worldwide. The company offers energy storage hardware sourced from original equipment manufacturers (OEMs); edge hardware to aid in the collection of site data and real-time operation and control of the site and other optional equipment; and Athena, a software platform, which offers battery hardware and software-enabled services to operate the energy storage systems.